Hey Concord, thanks for posting that. I knew they had done that back in August, but I'd forgotten it was originally for $1.2 mil. That $1.2 might be Ironridge's starting point for a small business.
It would be nice if HPGS never dipped into the remainder of that possible full loan amount of $3mil+. I don't know if they did or not, seems it would have been publisized if they had.
Of course, with "normal" banks being such tight wads for the last 4 years, private equity is really the only option any growing business has right now.
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